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Name and Describe Two Methods to Mitigate Flood Hazards

question 32

Essay

Name and describe two methods to mitigate flood hazards.


Definitions:

Market Rate

The interest rate available to borrowers and savers in the overall or specific marketplace, often influenced by supply and demand, central bank policy, or other factors.

Premium on Bonds

The amount by which the selling price of a bond exceeds its face value.

Callable Bonds

Bonds that can be redeemed by the issuer before their maturity date at a set price, giving issuers flexibility to refinance if interest rates fall.

Contract Rate

A predefined rate agreed upon in a contract, often used in financial agreements, such as loans or leases, specifying the interest rate.

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